AURELIUS AG: Majority shareholding in HanseYachts AG now in place

07.11.2011

AURELIUS AG: Majority shareholding in HanseYachts AG now in place

  • AURELIUS now has a 72.5 percent shareholding in HanseYachts AG

Munich, 7 November 2011 – Aurelius Development Invest GmbH, a fully-owned subsidiary of the AURELIUS Group, Munich (ISIN: DE000A0JK2A8) published a voluntary takeover offer to the shareholders of HanseYachts AG (ISIN: DE000A0KF6M8). Prior to the expiry deadline, this offer, covering in total 7.85 percent of the nominal capital (representing 502,617 shares) of HanseYachts AG, was accepted. Together with the shares acquired from the founder and previous majority shareholder of HanseYachts AG, Michael Schmidt, AURELIUS now holds 72.5 percent of the nominal capital of this company.

HanseYachts AG was founded in 1990 and, over the past 21 years, was able to establish itself firmly as the world’s third largest manufacturer of standard sailing yachts. Since going public in March 2007, shares in HanseYachts AG have been listed in the General Standard of the Frankfurt stock exchange. During the financial year 2010/2011 (as of the 31 July 2011), the company achieved a turnover of €86.0 million.

As a consequence of current economic conditions, HanseYachts had to report negative results for the past three financial cycles. However, building on the overall economic recovery and the successful launch of new innovative models, HanseYachts was able to gain significant market share and improve its results in the financial year just passed (2010/2011). Future active support from AURELIUS is expected to bring further significant improvements in operative results. Current order input underscores this expectation.

Apart from the core brand, Hanse, the takeover of the traditional brands Dehler and Moody gives HanseYachts a strong portfolio of brands with clearly defined targets groups. In addition, HanseYachts manufactures motor yachts under the Fjord brand name, which covers an important niche segment in the market. Extensive investments over the past few years have left HanseYachts with highly advanced production facilities in Germany and in Poland.

Michael Schmidt: "AURELIUS is the right investor at the right time. The attractive sailing yacht market currently offers excellent growth opportunities. I will continue to be available to the business in an advisory capacity."

"A terrific product. HanseYachts is one of the gems amongst German boat builders. By providing the right direction, we will make this high tech company competitive for the international market", says Gert Purkert, Chairman of AURELIUS AG.